The Hellenic Financial Stability Fund (“HFSF”, “the Fund”) is pleased to announce that it has come to an agreement with the Board of Directors of the National Bank of Greece (“NBG”) regarding improvements in matters concerning the corporate
governance of the Bank, in line with proposals recently made to its Chairman.
The Fund fully supports NBG’s management and Board of Directors in the adoption
of best practices and is confident that the forthcoming changes will greatly enhance
the institutional functioning of the Board, as well as contribute to the Bank’s further
development as a whole.
The HFSF consistently operates within its legal remit to support the stability of the
Greek banking system for the sake of public interest (as per Law 3864/2010 as in
effect). In this context and in its capacity of an active shareholder, the Fund
cooperates with the Greek systemic banks on an ongoing basis, with the aim of
enhancing corporate governance.